Hwy 55 Burgers Shakes & Fries 2402 N Roberts Ave

Investment Highlights

New, 20-Year, Absolute Triple Net (NNN) Lease with Full Term Remaining New Location Recently Opened | This is a Relocation Site from a Hwy 55 That Operated in the Adjacent Shopping Center

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire a Hwy 55 Burgers Shakes & Fries located in Lumberton, North Carolina. The property has a brand new 20-year absolute triple net (NNN) lease. This is a relocation site for a Hwy 55 that was located in the adjacent shopping center. The property includes a drive-thru lane. The previous location, from which relocated, did not have a drive-thru.Hwy 55 Burgers, Shakes & Fries has been in operation since 1991, spanning over 30 years. Presently, it operates 92 locations across nine states (65 franchised and 27 corporate) with 17+ under development. Recognized by BurgerBusiness.com as the "Best Burger," Hwy 55 also holds the distinction of being named a Top 500 Franchise in the U.S. by Entrepreneur Magazine. Located on Roberts Avenue, the property benefits from high traffic, with over 32,000 vehicles daily. Its proximity to Interstate 95 (I-95), with around 66,000 daily vehicles, provides essential access along a major north-south U.S. highway, connecting numerous East Coast cities from Maine to Florida. Within a one-mile radius, the average annual household income exceeds the national average at $82,204.Surrounding national brands include Aldi, Walmart Neighborhood Market, Rainbow Shops, Belk, Ross, Food Lion, Fresh Foods IGA, Rent-A-Center, Planet Fitness, CrossFit, Tractor Supply Company, Badcock Home Furniture, Citi Trends, Bath & Body Works, Buick, Nissan, Jeep, Chevrolet, GMC, Hummer, Ford, Dollar General, Family Dollar, Advance Auto Parts, AutoZone, O?Reilly Auto Parts, Verizon, T-Mobile, Cricket Wireless, Waffle House, Ruby Tuesday, Outback Steakhouse, McDonald?s, Chick-fil-A, Arby?s, Taco Bell, KFC, Panera Bread, Wendy?s, Dunkin, Starbucks, CVS, Walgreens and many more.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food Freestanding
• Building Size    2,405
• Building Class    B
• Year Built    2024
• Price    2,799,000
• Price Per SF    1,164
• Cap Rate    7
• NOI    195,956
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.20 AC

• Pylon Sign
• Drive Thru